US-China ‘phase one’ trade agreement is 95% theatrics, Richard Wolff tells Boom Bust ...News

As the world’s economic superpowers, the US and China, have finally inked the first part of a broader trade agreement, analysts and industry leaders are raising doubts if the sides will move into ‘phase two’ anytime soon. RT’s Boom Bust is joined by Richard Wolff of the Economic Update to talk about the aspects of the long-awaited deal. “I don’t see much happening. This is 95 percent theatrics, partly for the Trump administration because they initiated all of this, but also partly for the Chinese also.” Wolff explains that China wants “to look as though they are cooperating and are not in

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